Thoma Bravo takes critical event management software company Everbridge private in $1.8B deal

Everbridge, a critical event management software company, will go private via a $1.8 billion all-cash acquisition by Thoma Bravo at $35 per share, representing premiums of approximately 83% over its Feb. 2 market cap and 62% over the three-month VWAP. Updated on March 1 after a go-shop process increased the price, the deal reflects Thoma Bravo’s view of rising demand for risk, compliance, and safety solutions amid geopolitical, climate, and economic risks, and is expected to close in Q2 2024 pending regulatory and shareholder approvals.